Markets

Argentina's YPF says to sell stake in electricity subsidiary to GE

Published February 7, 2018 Updated February 7, 2018 01:44pm

GE will pay $276 million for the unit, YPF Energia Electrica, plus a contingency payment of $35 million with a closing date of Feb. 28, YPF said in a filing to the Buenos Aires stock exchange. Reuters had previously reported plans for the deal in December.

 

Copyright Reuters, 2018